Gold (XAUUSD) is showing clear signs of rejection from a lower time frame supply zone near 3,377. After a sharp rally, price tapped into the resistance and failed to break higher, forming a potential bearish setup.
Entry: ~3,377 (supply zone rejection)
Stop Loss: Above 3,385 (structure break invalidation)
Take Profit: Around 3,350 (previous demand zone)
This is a classic short setup following a liquidity sweep and bearish engulfing confirmation. Risk-to-reward is favorable, and price is respecting the intraday range structure.
⚠️ Always follow your risk management plan.
📊 Strategy: Price Action + Supply & Demand
Entry: ~3,377 (supply zone rejection)
Stop Loss: Above 3,385 (structure break invalidation)
Take Profit: Around 3,350 (previous demand zone)
This is a classic short setup following a liquidity sweep and bearish engulfing confirmation. Risk-to-reward is favorable, and price is respecting the intraday range structure.
⚠️ Always follow your risk management plan.
📊 Strategy: Price Action + Supply & Demand
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.